Tag Archives: Economic Freedom

World Development Report 2024: Navigating the Middle-Income Trap

Challenges Facing Middle-Income Countries The ‘World Development Report 2024’ highlights the significant challenges middle-income countries face as they strive to transition to high-income status. Rising debt, aging populations, protectionism in advanced economies, and the pressures of accelerating the energy transition are key obstacles. Current Status and Aspirations There are currently 108 countries classified as middle-income, many of which aspire to …

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